Indiana Utility Regulatory Commission
302 West Washington Street, Room 306
Indianapolis Indiana 46204
The Indiana Utility Regulatory Commission today approved a decrease in the gas cost adjustment for March requested by Northern Indiana Fuel & Light Company, Inc.
The adjusted rates in Cause No. 38431GCA28 allow the utility’s customers to get the immediate benefit of lower market prices in a heating season where pocketbooks have been pinched by the skyrocketing cost of natural gas and colder weather. The decrease is the result of cooperation between Northern Indiana Fuel & Light, the Office of the Indiana Utility Consumer Counselor and the IURC. It reflects an adjustment that would not normally be passed on this early in the year due to the company’s semi-annual review process.
Even though fuel costs are down this month, the price of natural gas at the wellhead is still higher than it was this time one year ago and customers are paying more than they did in March 2000.
Bill at Bill at
Monthly Proposed Current Dollar Percent
Consumption GCA Factor GCA Factor Decrease Decrease
5 Dth $ 51.26 $ 54.22 $ ( 2.96) (5.45%)
10 92.76 98.67 ( 5.91) (5.99%)
15 132.66 141.52 ( 8.87) (6.26%)
20 172.55 184.37 (11.82) (6.41%)
25 212.45 227.22 (14.78) (6.50%)
Bill at Bill at
Monthly Proposed GCA Factor Dollar Percent
Consumption GCA Factor One Year Ago Increase Increase
5 Dth $ 51.26 $ 37.69 $ 13.57 36.00%
10 92.76 65.62 27.14 41.36%
15 132.66 91.95 40.71 44.28%
20 172.55 118.27 54.28 45.89%
25 212.45 144.60 67.85 46.92%
The GCA procedure allows natural gas utilities to increase or decrease rates, either on a quarterly or semi-annual basis, based upon changes in the price of gas purchased from pipelines and other sources. These rates are interim rates and are subject to refund if the utility is found to have earned more than its allowed rate of return.
Northern Indiana Fuel & Light Company provides natural gas utility service in areas of Allen, Dekalb, Noble, and Steuben Counties.